Mazda Motor Corporation recorded the highest operating profit in company history for the second year in a row. The Japanese carmaker increased the key figure for the 2014-15 fiscal year, which ended on 31 March, to ¥202.9 billion (€1.46 billion*) – 11% more than the previous record set during the 2013-14 fiscal year. Global revenues, meanwhile, rose 13% year-on-year to ¥3.03 trillion (€21.8 billion), while net income came it at ¥158.8 billion (€1.14 billion), a 17% hike.
Global sales were up 5% to 1,397,000 units. Mazda’s popular – and profitable – SKYACTIV Technology-based models made up almost three-quarters (74%) of the total, led by the Mazda CX-5, Mazda3 and the new-generation Mazda2, which was launched last fall. Spearheaded by Germany and the UK, Europe recorded the strongest growth, increasing sales by 14% to 180,000. Mazda upped the figure by 9% in North America as the U.S. posted its highest volume in 20 years, and China also saw 9% sales growth.
The company expects to sell 1.49 million vehicles this year, another 7% increase, as it looks ahead to the upcoming launch the all-new Mazda CX-3 and Mazda MX-5, the first full year of new Mazda2 sales, and continuing admiration of its technology as well as the striking KODO designs and fun-to-drive nature of all its new-generation models. The SKYACTIV ratio of total sales is expected to reach 85% by March 2016.
For its continuing success, the company credits ongoing structural reforms, which have improved costs and solidified Mazda’s business foundation, and the geographical diversification of its manufacturing base. The carmaker predicts a 7% rise in revenue to ¥3.25 trillion (€25 billion) for the current year, pegging operating profit at ¥210 billion – yet another record. Mazda also forecasts a tripling of its annual dividend to ¥30 per share.
* Source: Mazda Motor Corporation’s “Consolidated Financial Results for the Fiscal Year Ended March 31, 2015”; Euro figures calculated at €1 = ¥139 for the 2014-15 fiscal year and ¥130 for the 2015-16 forecasts